Link REIT (0823.HK) Posts Wider FY26 Loss; Guides FY27 Distribution

Link Real Estate Investment Trust (0823.HK) reported on May 28, 2026, that its net loss for the fiscal year ended March 31, 2026, widened compared with the previous year, amid property revaluation declines. The company also issued distribution guidance for fiscal 2027. The Hong Kong-listed REIT’s net loss attributable to unitholders rose to HK$2.35 billion from HK$1.20 billion in FY25. The larger loss reflected a HK$1.8 billion fair-value write-down on its investment properties, mainly in Hong Kong retail and office assets, and higher borrowing costs. Revenue edged up 0.8% to HK$13.8 billion, supported by recent acquisitions. Management guided for a fiscal 2027 distribution per unit of HK$2.65 to HK$2.75, implying a yield near 6.2% based on the May 27 closing price. The REIT expects leasing demand to stabilize as interest rates peak, though elevated debt costs will remain a headwind.